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Oh no, not the euro zone deposits that were earmarked for "activation" to "invest" in defense spending.

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They probably mean Russian Ruble stablecoin called A7A5, that actually pays some yield income lol.

https://cointelegraph.com/news/sanctioned-a7a5-largest-non-us-dollar-stablecoin

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The ECB is in panic mode, they can try to over-regulate but they can't stop it, but we all know that stablecoins are a symptom, not the root cause, of the fiat system's instability.

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This could leave EU issuers with insufficient reserve assets

Just hold full reserves mother fuckers, not fractional!

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Well, it’s not like the U.S. is issuing stablecoins out of concern for Europe, lol

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